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york where the dow jones is down just slightly. the euro trading down as well. $1.3338. one crucial factor remains fairly strong, the labor market. the picture is mixed. >> germany and the with more people working than ever before, but more people are also looking for a job. figures showing unemployment rose slightly for the ninth month in a row. >> the line's growing in the final months of 2012. many companies are feeling the heat from the eurozone debt crisis and are choosing to cut their work forces instead of taking on new staff. in december, a total of 2.8 million people were unemployed in germany. that was 88,000 more than in november pushing the unemployment rate up to 6.7%. 2012 was a good year for the german labour market. on average, 3 million people were out of a job and the lowest number since reunification. experts say the markets will remain stable throughout 2013. >> if we take the economic data as a basis and we try to predict what could happen in 2013, then we see, on average, are round 2.9 million people will be unemployed. as far as employment is concerned. high n
/dollar, 11.6236. euro/dollar, 1.3166. kind of where we were yesterday. asian markets in china and japan will be catching up on news on the u.s. fiscal cliff deal. we'll get december sales figures from japan's retailing. the owner of stores are set to release its q1 earnings today. samsung electronics is expected to post its q4 earnings guidance. that's all on the agenda in asia. but what investors are to do with what we've got so far this year? joining us now, nicholas. these are the classic risk off day yesterday. how do you categorize it and what it means for -- >> well, i mean, obviously, you know, i think it's important to be clear that this was a rally not based -- based not on what the deal did, but what the deal undid. clearly, the good news is that the u.s. americansfully avoided an even bigger fiscal issue. but, you know, i think clearly it shows how low we've actually sunk in the realm of investors expectations when the markets are actually rallying on essentially muddling through. and this is a well trodden path. it's a fairly familiar tale. and we've obviously seen it in the
. >> good to see you today. this survey up to multi month high necessary all four of the largest euro area countries, just in the rate of decline, easing in france, easing in spain, situation stabilizing in germany. what does that mean for investors? >> we get two flashes, we get the flash and the final. so not only are we getting an indication of the progression month to month, but we're getting this sort of update. so the market feels they have momentum. since july, really, it's the commitment from mario draghi to do whatever it takes to save the eurozone. the uncertainty that dominated the fist part of 2012 was all about what happens if the currency situation collapses. i think this positive momentum that we've begun to see in all the major indices, which is when i will they're showing below 50, this shows confidence is returning in both the manufacturing and services sector across the larger economy. it's telling us that the directional bias is the more positive one. people are committing further out in terms of their own anticipation expectations. so the detail, if you dig down into i
different. this stay in business. guess what, the euro hit the world stage. you remember this? eleven european countries can together to create the world's second largest economy with nearly 300 million consumers. it closed at a dollar. did not stay that way. the euro consists of eigt. and silver paper bills with $0.77 for every dollar. currencies replaced by the euro include the french franc, italian lira, and the german deutsche mark. for those of you curious, it was not accepted until two years later because it failed to meet all the required conditions like being solvent. they probably should have read thought that decision entirely. made its debut on the stay in business january the fourth 13 years ago today. the investors sick of other people making decisions for them they stop believing in mutual funds. the truth behind these next. ♪ grew up in a small town and when the rain would fall down ♪ ♪ i'd just stare out my window ♪ ♪ dreaming of what could be and if i'd end up happy ♪ ♪ i would pray i could breakaway ♪ ♪ i'll spread my wings and i'll learn how to fly
prices this week, tle say that really when we look at it in terms of euros, we look at extreme weakness in the gold market here, down about 1.5% so far this week. even with the strength we have seen in the euros. that lets you know there is still some weakness here in the gold market. we are seeing profit taking pretty much across the board in metals complex. but another factor that may be contributing to the fact that we are seeing some weakness in gold is that traders are favoring platinum particularly this week going into 2013. looking at the white industrial metals as the place to be in really helping to supply hopefully create a rally that will continue for the next several months. back to you. >> thanks, sharon. rick santelli is tracking at the cme. we see the yield curve on the 30-year can be how are they doing today, ricky? >> this goes to the point. everyone is concerned if you are thinking rates aren't going up because they have. but they haven't really gotten traction at critical levels. so you look at one-week chart of everything. last week we closed at 109 and a 10 and yes
kellogg has disturbing job news from london tonight. >> the euro zone unemployment average reached all-time high of 11.8%. up from 11.7 in october. in country like italy, the situation is particularly dire. youth unemployment registered to 37%. >> here they are lined up with jobs accusation center. >> i don't have any trust in my country. absolutely not. no way out. we have our backs against the wall. either you leigh, if you stay here you are condemned. >> some blame the austerity measures that led to violence across the continent for aggravating the employment situation. greater unemployment comes diminished spending power so you get a vicious circle. still, despite the fact that improvements aren't happening quick enough. the leaders of the 27 countrys leaders from the different political parties learned to reach con ken sus. for example on banking union. >> the leaders have come together to change the system in ways they hope will not only stabilize the euro but lead to longer term growth. >> the euro zone need to do more to convince investors they are business friendly. unless it
of the euro currency. boy, we went from basically trading a 133, now to trading 131, and today is a big down day. one market that actually is getting a little bit of a breath, but nothing on the scale of what the dollar and some of the other currencies are gaining on the euro, the dollar/yen. the yen has improved marginally today. but we're still on 87 handle on the dollar versus the yen. you want to pay attention to foreign exchange. we still have some other data today. the minutes we'll get later will be scrutinized, especially considering, you know, federal reserve and how it figures into a post-cliff presealing debate. >> i'm glad you brought up the euro. dennis gartman did that earlier this morning and we didn't talk about it at the time. what do you think is happening? why has the euro turned around here? >> well, to me, i think that what the euro represents, or what the relationship between the euro and other currencies represent continues to be exaggerated by shifts in the ultimate dynamics of trying to score the economy. then you had in the big position growth that we've seen, and t
coming in stronger in the real star here. the euro topping 135 for the first time since april 2010. and strengthening even more after the gdp release. overnight in iasia, the nikkei p from 2010. the road map starts with the markets. today may be the day some milestones are hit. we're just about 2% away from dow 14,000. a level we have not traded above since october 17th, 2007. the s&p 500 less than 4% below its october '07 record high. can the bulls overcome the news of the surprise contraction in gdp. >> anticipation building, at least certainly here for research in motion. that being the blackberry 10, will it be enough to sustain the run. we'll take a look. >> amazon shares rocketing higher this morning. investors looking past the revenue and weak guidance, focusing instead on the gains in operating in gross margins. shares are set to open at record highs. >> look at chesapeakchesapeake,d of directors announcing the founder retiring in april. >> we do begin with a stunning gdp report. the economy contracted to 0.1% in the fourth quarter. first decline since 2009. this as we rema
. the whole effort to put the chicano or indigenous woman's experience on center stage is, in itself, for euro-american theaters, a radical position. because of the state of theater, it is a hard roll to hold up in institution. it is a hard road. i am looking at where we are 25
, budgeting for around 60 million euros. that is half of what was spent when the country last held the role in the 2004 -- in 2004. >> also on monday, in germany gave up its seat on the un security council after wrapping up the 2 -- two-year term as a nonmember. allies weremany's disappointed when the country abstained on a vote to authorize a no-fly zone over libya. among germany's achievements was an initiative which really -- which led to climate change being recognized as a threat to international peace and security. >> as tuesday began, people and many parts of the world celebrated start -- people in many parts of the world celebrated the start of the new year. australia had a fireworks display in sydney's famous harbor. 10 hours later, germany welcomed the new year. the country's biggest street party was held at the brandenburg gate. revelers were treated to a concert featuring big-name bands, including the pet shop boys. and in brazil, more than 2 million people saw in the new year on the famous copacabana beach in rio de janeiro. ♪ one of the last major cities to welcome in 2013 w
are sitting at. the dollar had broken through. you have seen the euro at 13 month highs. with this environment, you are seeing gold up $20. this is the market taking a breather. it does not surprise people on wall street. let's take a look at chesapeake energy. we know that the ceo will be stepping down on april 1. there it is. up 5.5%. what is the potential going forward? it is what you should continue to follow. back to you before thank you, nicole. contracted for the first time in years. peter, good to see you. the ten year treasury yield is about 10%. the markets barely selling off. what do you say? >> they need to worry. it is interesting that the last quarter of the avant-garde is the weakest of his presidency. it shows me that the temporary euphoria of the stimulus is holding off. i think the fed is getting ready to up the dosage of the stimulus. interest rates are rising despite this it the dollar is tanking. if it was not for the japanese yen, imagine how low the dollar would be. i think it will break down a lot. look at oil prices knocking on the door at $100 a barrel. more people wi
. the currency markets, open for trading for a lot longer today than stocks. the euro is still below 133, the recent high. it's interesting to see that the risk-on currencies are a bit to the upside. >> watch gold, too. i think gold, 12th year of good performance. >> yes. >> i would emphasize gold should be part of people's portfolios. >> while i don't disagree with you, because i've been wrong on gold two years in a row, silver better performer last year than gold. >> numbers are numbers. i find that the gld is just a very, you know, good way, i hope it goes down, the rest of your portfolio goes up. but remember, in the last 12 years we've had deflation, inflation, good control, bad control, but gold is steady because gold is in short supply in the world. >> i thought we were being positive. i'm optimistic for the next year or so. ten years out, different story. oil prices, right? while they've gone up in the last couple weeks, gas prices are down. >> gasoline. >> gasoline. and nat gas remains fairly low. >> nat gas at four-month lows right now. >> let's not underestimate the extra mone
. quick check of currencies, the euro/dollar the focus of a debate this morning on "worldwide exchange." a lot of people saying not so fast if you think that the rising dollar in tandem with rising risk is going to be a theme of the year. today we're seeing the euro/dollar give up .1% to 1. 1.3069. and the dollar/yen after reports out of japan saying there will be coordination between the bank of japan and fiscal authorities to try and get to the 2% inflation target. nothing too concrete. again, the proof will be in the poudre figure i can use a -- in the pudding if i can use a popular phrase this side of the bond. back to you. >> kelly services. i like that -- talent. talent, kelly. >> talent at work. >> talent at work. thanks. >>> coming up, the nation's biggest banks preparing to post quarterly results in the coming days. the inside line next. >>> first as we head to break, a look at yesterday's winners and losers. at 1:45, the a >>> that's hard. >> you stink. the wing and a fractured beak.o surgery was successful, but he will be in a cast until it is fully healed, possibly several
the trading day higher led by consumer discretionary and energy. the euro hitting a 11-month high versus the dollar after the ecb said banks will pay back loans faster than expected. euro rising to $1.34 in intraday trading against the greenback. >>> new home sales as we mentioned before falling last month dropping to an annual rate of 3509,000. that is last month's drop did not derail the previous gains. housing sales posted the best year since 2009, jumping 20% from a year ago, sandy. >> we have our market panel. jeff saut, chief investment strategist at raymond james. david steinberg, dls capital managing partner. let's first start with mark. the take on the rally here. it is good news, bad news. this market seems to want to continue to plow higher. >> absolutely. we have some tax clarity. we have some debt ceiling clarity. you give the market clarity, and improving economic numbers and decent earnings season hard for us not to rally higher. you know, we're closing over 1500. we closed over 1500 under monday. i think that is really bullish for the next couple of weeks at least through
at the pound side. let's look at the euro versus the pound. as you see on this chart, pound's getting hit pretty hard. this is a 13-month low on the pound. let's switch around some of these controls trades. look how fascinating this is. let's not pare that losing pound to the pound/yen. pound/yen is at 31-month highs. if we look at the euro/yen, it's at 21-month highs. if we look at the dollar/yen, it's a 31-month high. even though the pound is having a tough time against the eurozone, everybody's having a party against the yen. these cross trades have been one of the biggest surprises to many for 2013 thus far. and it hasn't taken long. the other thing, of course, durables today is one of the reasons we're up several basis points, again, along with stocks. but if you look at the proxy for capital spending, up only .2% for the month of december. that was a little disappointing and maybe one of the more important components of today's durable series. jim, back to you. >> thank you, rick. let's check out the latest news in energy. sharon? >> the fact that hess is exiting the refining busine
? >> pmi, the best rating in a while. the euro weakening against the u.s. dollar, watch thanksgiving yesterday, continues to trend today. there is a bid to safety in today's session. i hate to use that phrase you to put it simply, the safe havens out there as we are staring down the barrel dealing with the debt ceiling and spending cuts. >> i thought they would have a tailwind rather than a headwind on currency. not in sync with a bullish picture, got to understand that one of the great reasons we have been able to have a good run, the dollar getting weaker. and also, unless people are short today, i know people are short, nordstrom's very heavily, short target, short gap, that is the only thing really going up. the mean time, i keep pointing out these dollar stores, they are horrendous today. family dollar really terrible. >> family dollar down 12%. >> you have nordstrom going higher, family dollar going lower, people felt that maybe the dollar stores would catch a bid and nordstrom would have weakness because of the high-end consumer being worried that clearly has not been the case
mechanism in order to protect the euro. now we have it. now it is in place. and that's an excellent advantage. on the other hand, for financial and fiscal solidity we have the so-called fiscal compact. this, too, is in force ever since the beginning of this year, and there's now a particular point where we have to continue working, so we have improved fiscal consolidation, we have better, binding commitments, better tools, we have better mechanisms. we also have as regards banking supervision made considerable progress as of 2014, we will have a banking supervision in place in the eurozone in which, obviously, also other european countries can participate. but we're still lacking, and that's something that we need to do this year, 2013, is to see to it that over the next few years to come we also have a convergence in competitiveness within the common euro area. so not somewhere where we are sort of, um, expecting the lowest common denominator, but competitiveness that measures wealth against the best of us and against the best on the global markets. and showing us access to global
to use their credit cards or debit cards or take euros out of the atms because there are concerns about the banking practices at the vatican and so concerns that there might be lack in oversight. >> is it lax in oversight or something naughty? >> well, the concern here is that there might be something naughty that they are not complying withstandards for money laundering protections. there have been two reports, one from an independent group and one from the group of italy saying the practices are not up to snuff. remember the vatican is the home to the catholic church which is an organization of over a billion people. when the pank is moving money they are often moving enormous sums of money. one thing was a 20 million euro transaction. for the vatican that is something that happens on a fairly regular basis that they are moving enormous sums of money between the churches. it got flagged. international protections were not in place to keep the money safe. the pope said we are going to fix this but they are still not there yet and the bank of italy said as of january 1 no more credit ca
're going to europe, what's the exchange rate on the euro. >> 21 minutes past the hour i'm gregg jarrett with your fox news minute. more than 50 people injured after a high speed passenger ferry hit a dock in lower manhattan this morning. the ferry reportedly struck the dock pulling into the pier opening a large gash on the side of the ship's bow. vice president joe biden currently meeting with gun safety and victims groups. the sit-down part of a series of gathering he will be holding at the white house this week in an effort to find common ground on proposals to curb gun violence. tomorrow he will meet with members of the national rifle association. washington redskins rookie quarterback robert griffin underwent surgery this morning to repair a torn ligament in his knee. doctors also expected to determine whether another of griffin's ligaments was damaged during the redskins play-off loss to the seattle seahawks sunday. those are your news headlines on the fox business network. i'm gregg jarrett. now back to connell and dagen. connell: gregg good to see you. thank you very much. dagen:
auction where in their first big debt aukz of the year, they're 5.8 billion euros above their 5 billion target. here is what's happening across the curve in bond markets in europe. the spanish ten-year, 4.99%. in italy, 4.17%. the bund, meanwhile, about 1.5%. gilt just over 2%. the interesting point here, guys, is that part of the reason why this is we're waiting on the ecb's latest decision. they're not going to need to do much more if current market conditions prevail. this is a pretty good way for them to start. so that auction going well, spanish yields coming into euro. if i can give you a sense of what's happening in other markets, the euro is higher. european equities for the most part as you're looking there are mixed to flat. but here is a look at what's been grabbing our attention. up .3% to 1.31. that i just want to bring your attention to. the all of points down there, you're looking at the dollar/yen. that's the other major story that we continue to follow. 88 was the level breached in trade today as the yen continues to weaken by the dollar by .is 3%. we'll wait to see if
.s. this was really a global move. the euro, though, fell off a mini cliff of its own. a little more detail coming up. >> we'll see kelly evans in just a bit. here's another big story brewing. >> reporter: a brutal political battle today over hurricane sandy aid for hard-hit new york and new jersey. i'll bring you all the tough rhetoric when we come back. >>> and yet another big story brewing for tomorrow. john boehner, he could be facing a real challenge for his job speaker of the house. ace acosta is all over this story. "the kudlow report" begins right now. >>> back to the rally on the streets today. that is the total sizzle story. check out these numbers. in case you missed it, dow added 308 points. nasdaq up 93. s&p 500 surging 36. cnbc's kelly evans joins us with all the details. good evening, kelly. >> larry, good evening, from down here at the stock exchange where you practically would expect streamers and champagne. the kind of day we had to put in in context, the likes of bill gross saying he sees stocks up 5% for the year, we did 60% of that in the first trading day. a lot of people are po
said congress voted no. it is going to be an amazing debate. the euro turns 14 today. happy birthday, euro. has it been a success? what would it cost you, and i'm not just talking about the initial outlay, but upkeep, garden webs staff, dresses, everything that goes with it, well talk about that with robert frank as well. back to you on "power lunch." >> can't wait for that one, mandy. thank you very much. this is a booming section of the tobacco industry. none other than the electronic cigarettes. it is making cigarettes more life like and big tobacco is taking notice in a big way. jane wells is in los angeles with more. hi, jane. >> hi, sue. for those of you trying to quit smoking this year, big tobacco's not worried. it is investing in a solution to your resolution, competing with a diverse group of tech startups. >> who's got my god [ bleep ] cigarette. >> james cameron took heat for having his character played by sigourney weaver in "avatar" smoke. >> john cameron bag ceo of safecig, to build a product becoming ever closer to recreating the experience of smoking without the carc
their own wagon. this is negative for the euro and the confidence in the u.s. economy, and it is a cautionary tale that means people are flocking to real assets, which is gold. it is an important move. david: isn't everybody doing it? from the united states to the bank of england to the european community itself, everybody is printing money like crazy to buy treasuries, so why bother moving it if everybody is doing it? >> they're bringing it home. germany sees themselves as the only thing that is holding. david: they are the mainstay of the euro. >> they're saying if they have to break away, if they have to move apart, they're circling the wagons with their own gold to say we are able to take a stand here. they couldn't do it in the middle of the european crisis because that would have blown the whole thing up. now that it has calmed down a little bit, they are making preparations to be able to circle the wagons on their own front. liz: what is your call on it and the time limit that you have on that? >> i think over the next three months we can see gold get back into
at the grocery store. also the euro hitting an 11 month high against the dollar, a possibility of an interest rate cut in europe fades. euro hit an intraday high of $1.34, jumping 2.5% against the greenback. sandy? sandra: we're also watching dell shares. this is the big story. especially after trading we're still going to continue to watch this stock. the stock soaring today, reports surfacing that it is in talks with private equity firms over a potential buyout. david: joining us now is williams financial group director and research in equity capital markets is joining us by phone. first of all, is it going private and if so, how much >> you know, david i can't say if it's going to go private or not. we definitely get some specifics at least in some private equity being named, but whoever leaked something like this, if it is true, just cost somebody a little over 2 billion dollars today, so if it was going to go private, it could have done so much cheaper. sandra: i want to focus on the fact that the stock has taken a major hit over the past year, the past six months, it's up 28%, it has re
description last year. i think they ran eight different cover stories, showing the euro either blowing up or breaking apart or bursting into flames. not going to happen. no greek exit. no anybody else exit. but the austerity that is hitting, and hitting hard, precisely because the germans are trying to create fiscal union, and ultimately more accountability for the budgets of these peripheral countries, is hurting pretty bad. europe, you're definitely going to see significant continued pain across the eurozone, but the downside is not what people thought it was. and, frankly, that's going to slow progress because the markets won't put as much pressure on the eurozone and the bonds on these countries. >> tom: let's go from europe to emerging markets. i want to present some data from the i.m.f., forecasting the advanced economies growing at 1.5%, and emerging markets at over 5%. what are emerging markets your top risk then? >> emerging markets shouldn't be treated as a single asset class. some are increasingly developing, and as a kwon conconsequence great places to be, like turkey and braz
the victim is michael po, the 23-year-old missing since the early-morning hours of new euro's day. he was with some friends in adams morgan but split from the group and never returned for his home in clarkburg, maryland. >>> coming up next, how would your job handled 100 sick calls in one day. i don't think they would do very well that. >> especially not here. that is a problem that d.c.'s fire department was faced with on new year's eve. and now some questions are being raised. we'll have more on a fox 5 exclusive coming up. >> later o pop star justin bieber calls for change after a photographer is killed while trying to capture images of the singer.  >>> we are hearing from d.c. fire officials about a big problem they that'sed on new year's eve. more than 100 firefighters called out sick. at least 11 ambulances went on staff and supervisors were forced to ask for help from prince george's county. >> one man died waiting for an ambulance and a stabbing victim was transported to the hospital on a fire truck. paul wagner has the story. >> reporter: the firefight
now. deposits flood into their economy. it is very well-capitalized. euro is let cheaper than it would be without all these problems. they have companies north of the border bern fitting from this situation. lori: at no time, s&p at end of the-year high single digit submits. >> we think high single digits. 1500 is a good target. could be volatile to a path getting there. lori: steve, thanks. come back soon. melissa: the house overwhelmingly approved $9.7 billion in aid to pay for flood insurance claims from owners and businesses from your canned sandy. it was two months since the storm was hit. after it was originally delayed by house speaker john boehner my tri-state decision and it was moved to this morning. the bill placed won by 354-67 is expected to pass the senate with no problems. it will give more authority for the national flood insurance program to pay out over 100,000 claims. an additional vote is expected on january 15th whether to provide additional aid to cities and towns affected by the storm and some beyond those affected people would argue but we'll see. >>> uncertaint
.s. dollar. 0 little weakness in the euro but the dollar euro story will continue in 2013. [ male announcer ] this is joe woods' first day of work. and his new boss told him twongs -- cook what you love, and save your money. joe doesn't know it yet, but he'll wk his way up from busser to waiter to chef before opening a restaurant specializing in fish and me from the great northwest. he'll start investing early, he'll find some good people to help guide him, nd he'll set money aside from his first day of work to his last, which isn't rocket science. it's just common sense. from td ameritrade. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every
in the best euro sales since 2007 so we will dig deeper into those december sales next and see what is ahead for the industry in this new year. melissa: we have some breaking news. john boehner received enough votes to be reelected as speaker of the house. let's go to peter barnes on capitol hill. he has crossed the threshold of 217. peter: the vote is still underway. we had a handful of republicans holding back it appears to see how it would go but it appears john boehner has been reelected as the speaker of the house forr the 113th congress. he could afford with 233 republicans who could afford to lose 17 votes by our count, so far he lost nine which means he had at least eight votes, again they're still coming in but appears to show the bottom line is 217, more than 217 the majority of all members voting and it appears he has. melissa: thank you so much for that. lori: automakers reporting big sales numbers in the month of december. ford, gm and toyota hitting 52-week highs today. ihs director of automotive research on whether or not the auto industry would really turn around. shares of m
cents. 9401. the ten-year note is yielding 1.829%. the dollar right now is up against the euro. again, another gain which is 1.3348. this morning, it's down against the yen. and gold prices this morning are up by about $11, $1680.70 an ounce. >>> and it's time now for the global markets report. kelly evans is standing by in london. and it's more poofy hair today. you didn't walk through the fog on the way to work, right? oh, it's a wig, it says. it says it's a wig behind you where it says minus .44% right now. >> or, does it? yes, that's right. there are signals coming through this every day just to see if people are paying attention. >> so weird. wig. >> yes. the polish board here is in the red, joe. it is not a wig it takes that on from time to time. we have seen a mixed picture. we have seen a weaker picture as the trading session has gotten under way. i want to point out the xetra dax is down .1%. our underperformer along with the peripheries is down about .3%, as well. after german gdp figures, europe's strongest, biggest economy came in surprisingly weak fourlt fort quarter. tha
of six points. the euro gaining, and that helmont about a percent on the dollar, which finished at a 52- week low as a matter of fact. gold finishing up over $19 during today's trading session. u.s. be chief economist maury harris joins us now. meanwhile, immigration and customs enforcement suing the government for refusing to let the men forced the law. nationalize council is also here. and israel unilaterally attacking key syrian assets and an overnight bombing. former pentagon official is also our guest tonight. would you want to begin with the u.s. economy shocking the experts in shrinking for the first time since the recession. fox news iran house correspondent has our report. >> less than two weeks that the president said his second inaugural address that an economic recovery had begun to let the congress -- commerce departments and not so fast. slow growth slashed economic growth from three pa 1% to-1 to the persons in the fourth. they downplayed the report and give republicans part of the blame. >> consumer spending has been rising. >> comments about using the threat of across-t
in southeast on new euro's day. investigators say the men got on the bus in adams morgan. the women got on in anacostia and one of the men touched one of the women inappropriately. there was a fight. one woman was stabbed. another was hit in the head. >> serious crime is relatively rare where you have people who are injured. we do recognize that we are a part of the overall society in the washington d.c. area and crime does happen. so we are putting our resources in place to make sure we can limit these type of crimes from happening again. >> now, police don't believe the suspects and victims knew each other and are asking you to call them in you know who these guys are. you can get a closer look at these pictures on myfoxdc.com. as for the two women, they were treated and released from the hospital. >>> coming up next, a d.c. police officer draws attention to what he says is a problem with at least one of the city's speed cameras. >> meantime, speed cameras in other parts of our area are doing their job. that is according to some new numbers. we'll tell you all about it in just a momen
the rich, 75% on income over a million euros. according to polls, most citizens agreed with them. entrepreneurs have gone wild, saying this would further kill any innovative spirit here, driving an already estimated of wealthy or wannabe wealthy people to switzerland, london. >> the problem in france is it's not a fiscal cliff, but sort of like fiscal quicksand, because bit by bit the french are losing confidence. >> reporter: it would affect a few thousand, but shot down because it targets individual instead of household income. the while other taxes also rise. around europe you also keep running into american tax exiles, people who have given up their citizenship to protect their fortunes from taxes. that number has been rising, but you know where in the world has the highest tax rates currently? the island of aruba at nearly 60% for the highest earning individuals, and sweden at around 57%. back to you. >>> the town of concord, new hampshire is the first in the nation to ban plastic bottles. the measure has just taken effect with the start of this new years. it bans bottles 16
vowed by taxing the rich, 75% on income over a million euros. most citizens agreed with him in polls. entrepreneurs have gone wild saying this would further kill any innovative spirit here, deriving already out to switzerland, london -- >> the problem in france it's not a fiscal cliff, but fiscal quicksand, because bit by bit the french are losing confidence. >> reporter: the 75% tax would affect -- but it targets individual instead of household income. the government says it will find a way to enact it, while other taxes also rise. around europe you also key running into american tax exiles. that number has been rising. but you know where in the world has the highest income tax rates currently? the island of aruba at nearly 60% for its highest-earning individuals. sweden at around 57%. back to you. >> that 75% tax bracket is not expected to solve many of france's budget problems. in fact there are 65 million people in that country, and fewer than 25,000 of them even qualify for the high rate. >>> getting cold out there, doug. it is the coldest day so far this year. [ laughter ] >> i
will leave the euro zone or know despite all of the very elaborate fixes worked up to keep countries like greece from going completely under the problem of growth remains. and as long as europe is not growing then the fundamental economic problem here remains. the unemployment rate for the entire euro zone rose to a record high of 11.8% for november. that is up from 11.7% from october. but up from 10.6% a year ago. these are images of italians lining up to fill out forms for jobs. it's not uncommon to hear young italians say that they simply feel that the culture is skewed against them, not making way for them in this economy. prime minister mario monte passed legislation to make it easier for people tow start u to start up their own companies because youth unemployment is at 37%. some people are thinking better to make jobs for themselves than wait to be hired. spain has the word unemployment problem with a staggering rate of 26.6% for november, as unemployment rises you question how much longer governments can stick to their austerity programs. and the problem is with people losing jobs
identified as 26 euro francisco gutierrez. he is from honduras and worked in construction. >> san francisco police have released surveillance video of the man accused of robbing ain that killing her doll. >> off the video shows the suspect police are looking for--killing her dog. >> the video shows a suspect police are looking for. >> the woman pulled her car over and leavenworth street in the tenderloin with a man came up and demanded money. >> after given the man her money, but muger grabbed the dog and through into the oncoming traffic. >> the man grabbed the dog after i had given him money held proxy over his head and threw her into oncoming traffic. she was on her side screaming and crying. her right eye was falling out. >> the woman believes the man killed her dog she did not have them in out of monehe amount of money was looking for. >> said of the police have named a suspect in monday's shooting dead. >> they say luiz hernandez shot and killed 36 euro christopher soriano. >> the 26 euro suspect is under arrest. >> police say he shot the victim perhaps because he thought the man was
. scramp that. the dollar is stronger. it was weaker earlier. there you go, 31.62 is across to the euro. [ male announcer ] where do you turn for legal matters? at lelzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. ro price. invest with confidence. request a
is at 1.877%. the dollar this morning after the euro picked up strength last week, the dollar is stronger against the euro and the yen and the pound. right now, dollar/yen is at 88.79. gold prices this morning up about $5.80. $1,6933. >>> german chancellor angela merkel is hoel hosting french president francois hollande and his government, his entire government in per lynn today. festivities mark 50 years since the treaty of friendship was signed. that's knight nice. a joint cabinet meeting and parliamentary session is being held also. today's events come as the two countries struggle for a common vision as crisis hit europe. and it's nice that -- >> friendship? >> yeah, after that cold and nasty occupation thing in world war ii and all. meantime, in brussels, european finance ministers are meeting. they're expected to give their approval to allow 11 states to start preparations for imposing a tax on all financial market transactions and measures likely to unsettle banks and houses. for more on the story coming out of europe today, let us head to london to kelly evans who is standing by t
of this talk about the euro is bringing the financial markets together. nyse owns four large exchanges in europe. the question is how do we bring this into this consolidation? one way may be to take them public so they can have their own currency and do deals. >> we'll leave it there. so much to talk about. i wanted to get your take about the individual and what's happening in capital market these days. seems like everything is strained. but that conversation for another day. good to have you on the program. >> thank you, maria. >> best of luck with the deal. >> thank you. >> jeff sprecher joining us. ceo at i.c.e. pmt. >>> ten minutes before the close. up next as if apple didn't have enough problems, now the company's iphone may no longer be considered cool for young people. that could be bad news for apple. we're going to take a look. >>> then preet bharara is here. remember this from last year's conference? >> i know you told me there were going to be a lot of people here from the hedge fund industry and other folks, i didn't appreciate how many people so i wanted to apologize in ad
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